RBI Tightens Currency Trading Rules, Opens Dollar Window for Oil Companies
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The RBI announced new currency trading restrictions and direct dollar supplies for three government oil companies from October 12, aiming to strengthen the rupee’s resilience and reduce exchange rate volatility.
The RBI announced new currency trading restrictions and direct dollar supplies for three government oil companies from October 12, aiming to strengthen the rupee’s resilience and reduce exchange rate volatility.
Vocabulary
resilience▾
दृढ़ता / ability to withstand difficulties and recover
- She showed resilience after losing her job.
- The team’s resilience helped it recover.
- Farmers showed resilience during the drought.
- Savings can improve a family’s financial resilience.
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Source:Reuters
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